Budget 2022 Live Updates: Modi hails Nirmala Sitharaman for a people-friendly and progressive Budget
Budget 2022 Live Updates
Budget 2022 Live Updates: Finance minister Nirmala Sitharaman will present the fourth Budget of the Modi 2.0 government today. The stage for the Budget presentation was set by the Economic Survey stating that the government has the fiscal space to do more to support the economy that is forecast to grow at a healthy 8-8.5 per cent growth in the 2022-23 fiscal. Now, the focus of the Budget is expected to be on further accelerating India's pace of recovery from the pandemic shock along with further boosting up India's healthcare system to secure against any future outbreaks. The government will continue to spend more to aid the recovery and put India back on a trajectory of higher growth.
Budget has provisions to make farming profitable: Prime Minister Modi
Budget brings in new hopes for people: PM Modi
The budget brings in new hopes and opportunities for the people. It strengthens the economy and is a great step for the infrastructure sector. It induces more investment, more growth and more jobs. There is also a new provision of green jobs and ensures a bright future for youth: PM Modi
Following is a list of imported items that will become costlier
♦ Umbrella
♦ Imitation Jewellery
♦ Single or multiple loudspeakers
♦ Headphones and earphones
♦ Smart meters
♦ Solar cells
♦ Solar modules
♦ X-ray machines
♦ Parts of electronic toys
However, certain goods will become cheaper as the government has slashed the customs duty and they are:-
♦ Frozen mussels
♦ Frozen squids
♦ Asafoetida
♦ Cocoa beans
♦ Methyl alcohol
♦ Acetic acid
♦ Cut and polished diamonds
♦ Camera lens for cellular mobile phone
Thank you PM Modi & FM Sitharaman for announcing launch of National Tele-mental Health Programme in Budget. With a network of 23 tele-mental health Centres of Excellence under NIMHANS, it'll ensure quality mental health counseling for all. The National Tele-Mental Health Programme will ensure access to quality, standardized & free 24x7 mental health services to all & will play a crucial role in bridging a major gap in access to mental healthcare in the country. -Union Health Minister Mansukh Mandaviya
Rajnath Singh, Union Defence Minister
Substantial amounts have been allocated towards research and development in several sectors including defence. The proposal to reserve 25 percent of the R&D Budget for startups and private entities is an excellent move.
Priority given to agriculture, rural areas, welfare of all sectors followed by a focus on infrastructure. Introduction of 'Parvat Mala' project in my ministry is a great gift for hilly areas; will create jobs. Thankful to FM for this excellent Budget: Union Transport Minister Nitin Gadkari
'Zero sum Budget': Rahul Gandhi
Congress leader Rahul Gandhi slammed the Budget, saying it offers nothing for the salaried, middle class, the poor and deprived, the youth, farmers and MSMEs.
Vijay Shekhar Sharma, Founder, Paytm: 'What an incredible announcement of Budget 2022'
Budget has zero for common people, government lost in big words signifying nothing. - Mamata Banerjee
Kiran Mazumdar-Shaw, Executive Chairperson, Biocon Limited
Fiscal prudence and business ease has been the theme. 35% increase in capital expenditure will drive infra n jobs - Positive rhetoric with no negative surprises = balanced budget.